Panic, Drought, Massive Gains For The Grains

It is no secret that grain prices have been soaring as a number of savvy commodity investors have been cashing in on the latest trend to take the world of hard assets. Many are also aware that a nation-wide drought has been the culprit of said price rises. But while the drought has been widely covered, few realize just how severe it has been. For starters, the trailing 12 months have been the hottest on record for the U.S. since records have been kept (dating back to 1895). Combine that with the lack of rain in the past few months and you have the worst drought seen in nearly 70 years, putting a major pinch on the prices of a number popular commodities [see also Five ETFs To Own During The Next Market Collapse ]. See the full story here → Related Posts: Weekly Agriculture Roundup: Hot Cocoa Ultimate Guide To Corn Investing What Are Options? The Ultimate Beginner’s Guide What Are Futures? The Ultimate Beginner’s Guide 25 Things Every Financial Advisor Should Know About Commodities